Nets reach buyout agreement with Lawrence Frank

The Nets will no longer receive daily reports from Lawrence Frank after the two sides agreed to a buyout of his six-year, $6 million deal. AP Photo.

The Brooklyn Nets have finally figured out what they are going to do with assistant coach Lawrence Frank as teh two sides agreed to a buyout, according to Chris Mannix of Sports Illustrated. Details of the agreement have not been leaked, but Frank had at least $5 million left on his six-year and $6 million deal that he signed prior to last season.

The reason why Frank earned so much money was because the Nets had to convince him to sign with the team last season as a mentour for then rookie head coach Jason Kidd. In fact, it was at Kidd’s insistence that the team hired him, but the two quickly butted heads and Frank was “reassigned” to writing daily reports very early in the marriage.

“Lawrence has been reassigned to doing daily reports and he won’t be sitting on the bench or at practice,” Kidd said last December. “There’s the change. It doesn’t change the coaching staff. Guys will still be there sitting on the bench. That’s that.”

Now that he’s finally a free agent coach again, Frank is expected to sign with Doc Rivers as an assistant on the Los Angeles Clippers.

So the entire Kidd debacle is officially over. Frank definitely deserved better, but the word is that he did his typical due dilligence in his daily reports and a year later, he’s still got his reputation, he’ll have a new job with the Clippers and he’s got a lot more walking around money. Meanwhile, Kidd is already done with the Nets and while he’ll be fine in the long-run, his reputation is significantly more tarnished after his failed powerplay.

Frank, of course, coached the New Jersey Nets from 2004-2009 when he took the team to the playoffs for four years in a row and became the franchise’s all-time leader in NBA wins.

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